Friday preview: Analysts bet on annual revenue fall for bwin.party

Gaming website bwin.party Digital Entertainment is expected to report a drop in annual revenues and profits Friday.

Gaming website bwin.party Digital Entertainment is expected to report a drop in annual revenues and profits Friday.

Analysts at Investec predict 2012 revenues to fall to €803m from €816m a year earlier and profit before tax to decline to €113m from €174m.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are pegged to drop 18% to €163.1m, implying a 20.3% margin.

Investec said the outlook was mired by the possibility Germany could outlaw online gambling.

Advertisement
Advertisement - Article continues below

"While the group is highlighting the 'positive developments' around German regulation (securing a Schleswig-Holstein casino/poker licence in December 2012), there is a possibility that the German Land (since a change of government) could secure European Commission approval to join the German-wide Treaty (as accepted by all other 15 Lnder) that effectively outlaws online gaming (placing, we estimate, up to €100m of revenue under threat)," the broker said.

"There is no certainty around this, but the Land is keen to revoke the law enacted under a previous regime."

Investec issued the company's stock a 'hold' rating and a target price of 100p.

Friday March 15

INTERIMS

Wetherspoon (J.D.)

Advertisement
Advertisement - Article continues below

QUARTERLY PAYMENT DATE

Barclays, Canaccord Financial Inc., Canadian General Investments Ltd., Carnival, Energy XXI (Bermuda) (Di)

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Consumer Price Index (US) (12:30)

Consumer Price Index (EU) (10:00)

Harmonised Index of Consumer Prices (EU) (10:00)

Advertisement
Advertisement - Article continues below

Industrial Production (US) (16:15)

Wholesale Price Index (GER) (07:00)

GMS

Coburg Group

FINALS

Bwin.party Digital Entertainment, Synthomer

Advertisement
Advertisement - Article continues below

ANNUAL REPORT

Jupiter Fund Management , Man Group, Management Consulting Group

AGMS

Banco Bilbao Vizcaya Argentaria SA, Ecofin Water & Power Opportunities, Henderson Diversified Income Ltd., KT Corp. ADR, LG Chem Ltd GDS (Reg S), Samsung Electronics Co Ltd (ATT) GDR (Reg S)

UK ECONOMIC ANNOUNCEMENTS

Balance of trade (09:30)

Advertisement
Advertisement - Article continues below

Current Account (09:30)

FINAL DIVIDEND PAYMENT DATE

Avon Rubber, Zytronic

RD

Advertisement

Recommended

Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020
Visit/investments/stocks-and-shares/share-tips/600636/class-acts-going-cheap-buy-into-europes-best
Share tips

Class acts going cheap: buy into Europe’s best bargains

Value investing appears to be making a comeback, while shares on this side of the Atlantic are more appealing on metrics such as price/earnings ratios…
16 Jan 2020

Most Popular

Visit/investments/commodities/gold/600998/extraordinary-times-buy-gold-buy-silver
Gold

Extraordinary times create extraordinary opportunities – these assets look cheap

With the stage set for some monumental fiscal stimulus, this is most definitely a time to own some gold. And if you’re bold enough, says Dominic Frisb…
18 Mar 2020
Visit/investments/bonds/government-bonds/601026/corona-crisis-will-end-bond-bull-market
Government bonds

The corona crisis will mark the end of the longest-running trend in markets

With politicians and central bankers enthusiastically embracing money printing and a recession almost certainly not too far off, the slide in bond yie…
20 Mar 2020
Visit/economy/global-economy/600999/the-moneyweek-podcast-the-end-of-capitalism
Global Economy

The MoneyWeek podcast – The end of capitalism?

John and Merryn talk about the – hopefully temporary – suspension of capitalism as government stimulus takes off in a big way. Plus, how this crisis m…
18 Mar 2020
Visit/investments/stockmarkets/european-stockmarkets/600725/is-2020-the-year-for-european-small-cap
Sponsored

Is 2020 the year for European small-cap stocks?

SPONSORED CONTENT - Ollie Beckett, manager of the TR European Growth Trust, on why he believes European small-cap stocks are performing well.
12 Feb 2019